UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 1, 2003
INTEGRATED DATA CORP.
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(Exact name of Registrant as specified in charter)
Delaware 0-31729 23-2498715
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
625 W. Ridge Pike, Suite C-106, Conshohocken, Pennsylvania 19428
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(Address of principal executive offices) (Zip Code)
610-825-6224
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report)
Item 5. Other Events
On August 1, 2003, Abe Carmel resigned as Chairman, President and Chief
Executive Officer and also as a member of the Board of Directors of
Integrated Data Corp (the "Company"). David C. Bryan has been appointed to
serve as Chairman of the Board of Directors, President, and Chief Executive
Officer. (See Press Release attached as Exhibit.) Mr. Bryan shall also
assume the role of acting Chief Financial Officer until a suitable candidate
can be found for the Company.
The Board of Directors now includes the following members: Stuart W. Settle,
Jr., Esq., Ian Tromans, Eduard Will, and Dave Bryan as Chairman.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
99 Press Release dated 1 August 2003.
2
Signature
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
INTEGRATED DATA CORP.
(Registrant)
August 4, 2003
By: /s/David C. Bryan
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David C. Bryan
Chief Executive Officer,
President and Acting
Chief Financial Officer
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EXHIBIT INDEX
Exhibit No. Description
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99 Press Release dated 1 August 2003
Integrated Data Corp Announces the Appointment of
David C. Bryan as Chairman, CEO & President
Conshohocken, PA (August 1, 2003) - Integrated Data Corp (IDC) (OTCBB: ITDD)
announced today that it has appointed David C. Bryan to serve as Chairman,
CEO and President to replace Abe Carmel who has tendered his resignation from
these positions and his membership on the IDC Board of Directors.
Mr. Carmel had agreed to serve as IDC's Chairman, CEO and President on an
interim basis in April 2002 when, under the company's former name of Clariti
Telecommunications International Ltd, it filed for protection under Chapter
11. He led IDC throughout its reorganization and successful emergence from
Chapter 11 in November of 2002 and had agreed to continue leading the company
until it achieved profitability (on a consolidated basis). Having delivered
the goals he set for IDC, he now feels able to devote more time to his other
business and leisure interests. He leaves IDC on the very best of terms and
will always be available for consultation when required. Mr. Carmel said
that "...it has been a pleasure working with the team at IDC and I am
confident IDC will continue to grow under Dave Bryan's leadership".
Mr. Bryan, in accepting his new duties, said, "I welcome the opportunity to
lead IDC through its next planned phase of growth. Abe Carmel's leadership
has provided IDC with a solid foundation to work with, and I look forward to
building on that achievement. I would like to take this opportunity to
publicly acknowledge the many contributions Abe Carmel has made to IDC.
Abe's leadership and vision have proven invaluable during his tenure as CEO
and President, and he will be missed."
Mr. Bryan joined the company back in 1997 as its Senior Vice President and
Chief Operating Officer. He was instrumental in the multi-year, multi-
million dollar development of the ClariCAST(r) technology and is co-inventor
of the ClariCAST(r) FM-Subcarrier High-Speed Digital Protocol. In April of
2002, Mr. Bryan founded C3 Technologies Inc, a wholly-owned subsidiary of
IDC, to manage the ClariCAST(r) technology and expand its applications in the
commercial, wireless communication arena and also was promoted to Executive
Vice President of IDC. Prior to IDC, Mr. Bryan spent close to 20 years with
Magnavox/General Atronics Corporation, a company engaged in the development
and manufacturing of military RF communication and telecommunication systems
and products, where he held various senior-level management positions
including Director of Business Development and Division General Manager. Mr.
Bryan's educational background includes graduating summa cum laude from
Bucknell University with a Bachelor of Science in Electrical Engineering, a
Masters degree in Electrical Engineering, with honors, from Villanova
University, and a Masters degree in Business Administration, with honors,
from Temple University.
About IDC: Integrated Data Corp (www.IntegratedDataCorp.com) is a registered
Delaware corporation listed on the NASDAQ OTCBB under the symbol 'ITDD'.
Headquartered in Conshohocken, PA (suburban Philadelphia), IDC is an
international holding company with interests in the U.S., Canada, the U.K.,
and Italy. IDC's subsidiaries and partner companies offer a wide range of
telecommunications, wireless, point-of-sale activation, financial transaction
and other services. In 2002 IDC successfully completed a reorganization
under Chapter 11 and is now profitable on a consolidated basis with no
"recourse debt" of any nature.
Special Note Regarding Forward-Looking Statements: Certain matters discussed
in this press release are "forward-looking statements" intended to qualify
for the safe harbors from liability established by the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements include,
without limitation, statements regarding technology under development,
strategies and objectives. Forward-looking statements involve risks and
uncertainties and are subject to change at any time. The factors discussed
herein and expressed from time to time in the Company's filings with the
Securities and Exchange Commission could cause actual results and
developments to be materially different from those expressed in or implied by
such statements. The forward-looking statements made herein are only made as
of the date of this press release and the Company undertakes no obligation to
publicly update such forward-looking statements to reflect subsequent events
or circumstances.
Contact Information:
Dave Bryan Chuck Bristow
Phone: 610-825-6224 x1701 Phone: 610-825-6224 x1702
Email: DBryan@IntegratedDataCorp.com Email: CBristow@IntegratedDataCorp.com